JPMorgan Chase & Co. $JPM Stock Sold by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 62.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,942 shares of the financial services provider’s stock after selling 21,109 shares during the period. University of Texas Texas AM Investment Management Co.’s holdings in JPMorgan Chase & Co. were worth $4,282,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Horizons Wealth Management purchased a new position in shares of JPMorgan Chase & Co. during the 3rd quarter worth approximately $31,000. Aventus Investment Advisors Inc. purchased a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter worth $33,000. Team Financial Group LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter worth $50,000. Timbuktu Capital Management LLC purchased a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at about $50,000. Finally, NI Acquisitions Company LLC purchased a new stake in JPMorgan Chase & Co. during the second quarter worth about $51,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at JPMorgan Chase & Co.

In related news, insider Robin Leopold sold 2,500 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $352.81, for a total transaction of $882,025.00. Following the transaction, the insider owned 71,047 shares in the company, valued at approximately $25,066,092.07. The trade was a 3.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.41% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $343.10 on Friday. JPMorgan Chase & Co. has a fifty-two week low of $279.10 and a fifty-two week high of $366.50. The firm’s 50 day moving average is $340.80 and its two-hundred day moving average is $324.61. The company has a market cap of $911.15 billion, a P/E ratio of 14.39, a P/E/G ratio of 1.36 and a beta of 1.03. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.31.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, October 13th. The financial services provider reported $5.75 earnings per share for the quarter, missing the consensus estimate of $5.94 by ($0.19). The firm had revenue of $50.17 billion during the quarter, compared to analysts’ expectations of $51.23 billion. JPMorgan Chase & Co. had a return on equity of 18.48% and a net margin of 21.85%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the business posted $5.07 earnings per share. Analysts expect that JPMorgan Chase & Co. will post 23.95 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, October 31st. Stockholders of record on Tuesday, October 6th were given a $1.65 dividend. The ex-dividend date of this dividend was Tuesday, October 6th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.50. This represents a $6.60 annualized dividend and a dividend yield of 1.9%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.68%.

Analysts Set New Price Targets

JPM has been the subject of a number of research reports. Bank of America lifted their price target on shares of JPMorgan Chase & Co. from $408.00 to $420.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. Zacks Research downgraded shares of JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a report on Monday, September 14th. Morgan Stanley increased their price target on shares of JPMorgan Chase & Co. from $370.00 to $377.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 14th. Wall Street Zen cut shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Saturday, November 7th. Finally, Truist Financial upped their price objective on JPMorgan Chase & Co. from $352.00 to $361.00 and gave the company a “hold” rating in a research report on Wednesday, October 14th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $368.33.

Key Headlines Impacting JPMorgan Chase & Co.

These are some of the JPM headlines that stood out recently:

• Positive Sentiment: JPMorgan’s role in Anthropic’s potential IPO—including retail marketing and share allocations—could generate fees and showcase its investment-banking capabilities if the offering proceeds. Article: JPMorgan Chase Takes Lead Role In A Major AI IPO
• Negative Sentiment: A report notes that JPMorgan’s CFO has warned of weaker credit ahead. Potential deterioration in borrowers’ ability to repay could raise credit costs and pressure earnings, tempering the positive case for the bank’s dividend increase and long-term returns. Article: America’s Biggest Bank Turned $1,000 Into $5,559 in Ten Years
• Negative Sentiment: President Trump has urged JPMorgan and Bank of America to stop allegedly cutting conservatives off from banking services. The comments raise potential reputational and regulatory uncertainty, although the article does not report a specific enforcement action. Article: Trump Adds Fuel to Claims That Big Banks Discriminate Against Conservatives

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co. is a global financial services company serving consumers, businesses, institutional clients and governments. Its operations include consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management. The company offers services such as deposit accounts, credit cards, mortgages, auto financing, lending, payment processing and investment advice. It also provides institutional clients with investment banking, markets, treasury and securities services, and commercial lending.